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is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
and said it much better than i will, in fact, maybe if you had it on tape, we'd show it. but tax policy and trade policy. obviously, as the recession hits the world, why, trade policy gets more difficult. and we have troubles getting products into two of our most fast-growing markets, in argentina and brazil, which we could use some government help on keeping those markets open. and, of course, the big one is tax policy. we have the highest corporate tax rate in the world. so that mark barker who is now the ceo of the company and for a young whippersnapper of 55, he's doing a great job, but that he sits every year when he sets the budget, and he has to decide where the last dollar of investment goes. and where it generates the last dollar of profit. so he could get a dollar of profit in the united states for which 60 cents goes out to the shareholder, to the ultimate shareholder. or he can get another dollar, he can get that dollar profit in timbuktu of which 75 cents comes to the average shareholder. so any global company can maneuver around it, procter & gamble does that, i'm sure, be
, calling for new revenues and 30% believe tax hikes are needed now and support for the president's position there ended. stuart: excellent, well, not excellent, but thanks for the informati information. [laughter] >> thanks for the information, scott rasmussen, good stuff. time for the gold report, where are we this morning? the dow is down 30. we see gold up 9 bucks, 1679 is where we are for gold. lance armstrong comes clean and he says he wants to compete again and he might rat out others to do it? whoa. sandra smith, brian, they're here, will they forgive, forget, and give him a second chance? i would not, but would they? that's next. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ if it makes you happy, it can't be that bad ♪ >> and that's-- well, lance armstrong admit today what many people speculated for many years, he lied and cheated. the seven time tour de france winner, stripped
doesn't put tax pay thornse hook for 100% of the cost of projects that are unrelated to hurricane sandy. the amendment waives the standard local cost share for what -- for, quote, ongoing construction projects. this applies to peach renourishment projects which are typically cost shared at a 65% federal, 35% local shear. while the waiving of this local cost share for this type of pradget is uns predent, i understand that for our friends in new jersey, new york, and connecticut, hurricane sandy was also unprecedented. our amendment does not change the language with respect to repairing the beaches damaged by hurricane sandy. but unfortunately, the language could be interpreted to also waive local cost share for future periodic beach replenishment unrelated to any damage caused by hurricane sandy. these typically can take up to over a 50-year period and cans to the tens of millions of dollars. i'm confident that's not what was intended by the amendment as it was offered. but the amendment is necessary to make sure that that's not how it's interpreted at some point in the future. madam cha
. mr. wilson:section 8 the congress shall have power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the united states, but all duties, imposts, and excises shall be uniform throughout the united states, mr. goodlatte: i now yield to the gentleman from texas, mr. green. mr. green: to borrow money on the credit of the united states, to regulate commerce with foreign nations, and among the several states, and with the indian tribes, to establish an uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the united states, mr. goodlatte: i now yield to the gentleman from florida, mr. nugent. mr. nugent:to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures, to provide for the punishment of counterfeiting the securities and current coin of the united states, to establish post offices and post roads, to promote the progress of science and useful arts, by securing for limited times to authors and inventors the excl
more without asking the rich to pay more so we have to raise taxes. so we raise taxes, we got pretty much exactly what obama asked for with a big tax hike and obama's response is, now we need a balanced approach where we raise more taxes. >> megyn: jonah goldberg, thank you. >> thank you. >> megyn: up next, a popular internet activist was faced with a possible 35 years in jail for hacking before took his own life. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. >> fox news alert. we told you at the top of the hour how ejust got word from the white house briefing that the the president will deliver his plan for the gun crackdown, however you want to phrase it, the executive orders that he is prepared to issue on guns in addition to the legislative push that we expect him to make around this time tomorrow. well, moments ago we just learned that the president will be joined by children from around the country who wrote letters to
revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone does their part. that's what i w
at their check. i guess it was last week, when they saw the big cut in the social security payroll tax. it was a jump. you have less money now. so many things are affected unfortunately. coming into february, here we are again going to be with spending cuts going to kick in officially. all of this will affect unfortunately the markets. it will be a little rough. the economy is fragile. don't get a deal, jenna. you're looking at recession. fitch knows that. investors know that. we're watching it here at fox business. a little rough. jenna: all right. those are the stakes, recession or not. we'll watch this very closely over next couple weeks. cheryl, thank you. >> you bet. jon: after weeks of delay, secretary of state hillary clinton will testify on capitol hill about the benghazi attack on january 23rd. the secretary will face some tough questions from the house foreign affairs committee about the assault in september that left four americans dead including u.s. ambassador chris stevens. miss clinton was set you would to testify last month but she suffered a concussion falling during i
for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it
playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei gained 77 points but the hang sell fell 31. nas dam and s&p slipped monday thanks to worries apple has gone sour. shares of the tech titan dipped below $500 for the first time in one year after reports the company cut orders for iphone parts due to weak demand. after the bell ben bernanke praised washington's fiscal cliff deal which he said probably would have caused a recession this year but cautioned, quote, we are not out of the woods yet. >>> a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do this. >>> some good news on the housing front. new numbers show home p
. these three states -- new york, new jersey, and connecticut, threes three states pay almost 16% of the taxes collected in the united states of america. three states, 16% of the taxes. you ask the question, who suffered because of superstorm sandy? certainly our neighbors in new york and new jersey and connecticut suffered the most, but all americans will suffer if this economic engine is not rebuilt. the three states that pay nearly 16% of the taxes need this reconstruction, and so does the united states of america. all members, republican and democrat, should vote yes in favor of this legislation. i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from oklahoma is recognized. mr. cole: i reserve the balance of my time, mr. speaker. the speaker pro tempore: the gentleman reserves. the gentlelady from new york. ms. slaughter: i'm pleased to yield a minute and a half to the gentleman from new york, mr. bishop. the speaker pro tempore: the gentleman from new york is recognized for 1 1/2 minutes. mr. bishop: i thank my friend, representative slaughter for yielding ti
and actually to get from where we are, given the spending cuts and tax increases that we've implemented so far, to where we need to be to stabilize the debt, is not that heavy a lift if we had a functional politics that was actually paying attention to what needs to be done instead of creating these ridiculous self-inflicted skirmishes and wounds. as you have correctly pointed out, you have even got conservatives spokespeople saying, look, this isn't going to happen, you're not going to do this. we're going to have one of these last minute solutions again. if that is truly the case and if history is precedent, it will be, we really have to ask ourselves about our priorities. >> and yet, david, the problem is the fitch ratings agency has already threatened a ratings downgrade. and it even has a retort who think debt ceiling hostage taking can be a weapon against spending calling it an infective and potentially dangerous mechanism for enforcing fiscal discipline. so what is this obsession they have of falling on their sword and taking the country with them. >> there you go again, martin, stickin
sodas that include school bans, proposed taxes and an often-mocked new york city effort to eliminate large sizes. >> oh, no! i'm on the run from johnny law! >> reporter: but many feel it's no joke. after all, the average american gets 45 gallons of sugary soft drinks a year. that's 1 1/2 barrels of soda pop. in fact, sugary sodas are the single largest source of calories in the american diet. even this small can has the equivalent of six sugar cubes in it. the regular soda, 14 sugar cubes. and that big gulp? 32 sugar cubes. critics argue they're not just ordinary calories, either. they're empty of nutrition and don't tell the body its full. >> with beverages, we drink the calories and consume more foods on top of those calories. >> reporter: coke's new commercial promotes exercise programs to work off what you drink. but for the world's largest soda maker today, it's no coke and a smile. jim avila, abc news, washington. >>> and as we begin another week, we begin it watching the flu continue to move across the country again. tonight, we're seeing the effects of the virus, particularly
taxes. the airline says the suit's claims are untrue. >>> students at the university of vermont should not bring bottled water had they return to campus because the school has banned its sale for environmental reasons. vermont is the largest public university to prohibit bottled water sales on campus. they've even converted water fountains to bottle-filling stations. >>> over to wall street this tuesday morning. the dow opens the day at 13,507 after adding 18 points yesterday. the s&p and nasdaq were both down. overseas the nikkei gained 77 points but the hang seng fell 31. >>> the nasdaq and the s&p slipped monday thanks to worries that apple has gone sour. shares of the tech titan dipped below 500 for the first time in nearly a year after reports the company has cut orders for iphone parts due to weak demand. >>> meanwhile, pc maker dell surged 13% on fresh takeover talk. after the bell, fed chief ben bernanke praised washington's recent fiscal cliff deal which he said probably would have caused a recession this year. but he cautioned, quote, we are not out of the woods yet, calling
with hundreds of thousands of dollars of debt. >> andrea: that is not important if we raise taxes on rich to talk about gun control. does it always have to be a dog-and-pony show? he used kids for the stimulus. now he is using kids again. it's just always a gimmick. never about the real policies. p.r. and how it looks. i will say this, i work for a republican memberbe. who had press conbe france using children once. the flak we took for it was incredible. >> dana: not worth it. >> andrea: there are not a lot of republicans that would do it since it happened. they remember it well. but there are two set of rules, bob. one for the democrats and one for republicans. >> dana: it's like saying well, we care for children and you don't. >> bob: obama is the first person to use people as backdrop for the press? give me a break. you could be bipartisan if the republicans come forward for gun control. >> eric: again you want to get to gun control discussion. stay on this for a few more minutes. really, using kids. >> bob: really, using kids. >> eric: using kids who are family, surrounding the victi
. a consumer advocacy group says if coca-cola is serious about helping reduce obesity it will stop soda taxes. good morning, mary. >> good morning to you, natalie. wall street is bracing for earnings season which begins in ernest this week. among the companies reporting six dow components. among those reporting a number of nation's big banks. ben bernanke adding his voice to the debate over the debt ceiling. he thinks congress should raise it. it doesn't mean the government will spend any more money, merely that it will pay the bills it's already incurred. >> all right. mary thompson of the new york stock exchange, thanks. for a look at what is trending, what has you talking online. go fish. less is more for this angler who doesn't bother with any fancy gear. >> oh, my gosh! oh! >> ouch. well, of course that big tarpon might think it was the one who scored the catch of the day. tommy lee jones cranky expression has gone viral. and a picture comparing him to grumpy cat, who must be thinking, finally, someone gets me. >>> stumping the kitty is not so easy not with kiddo the cat who has mastered
the program happens to be. a new war. a new tax cut for the rich. they demand the spending. and then they have to -- it comes time to pay the bills. raising the debt ceiling means we agree we're going to pay the bills that congress has already spent. right? we're going to pay for the stuff that congress has already bought. as a president i thought it was an excellent analogy yesterday. you don't go to a restaurant and order a fine meal and then say i'm going to start cutting back right now. i'm not going to pay for that meal. you already ate it, babe! right? >> that's right. how fiscally conservative for them to say we're not going to pay that. let's just clear up this false equivalency that i think it was the first or second question who made the point at the press conference yesterday well, you voted against the debt ceiling in 2006 so what's the deal? look this is -- 2010 -- 2011, after the 2010 election, the whole tea party wave was the first time that you saw republicans hold it hostage. and say unless you do what we want we're not raising the debt ceiling. democrats have never done that.
sodas that include school bans, proposed taxes and an often mocked new york city effort to eliminate large sizes. >> oh, no, i'm on the run from johnny law. >> reporter: but many feel it's no joke. after all, the average american gets 45 gallons of sugary soft drinks a year. that's 1 1/2 barrels of soda pop. in fact, sugary sodas are the single largest source of calories in the american diet. even this small can have some six sugar cubes in it. the regular size, 14 sugar cubes. and this super big gulp, some 32 sugar cubes. critics argue they're not just ordinary calories either. they're empty of nutrition and don't tell the body it's full. >> with beverages, we'll drink the calories and consume more food on top of those calories. >> reporter: coke's new commercial promotes exercise programs to work off what you drink. but for the world's largest soda maker today, it's no coke and a smile. jim avila, abc news, washington. >> yes, indeed. >>> coming up next, is she or isn't she? the big question that anne hathaway is facing. >>> and controversial comments by howard stern that led to an
in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a young woman was killed last summer. since then, howard jordan says gangs have been responsible for about 90% of the violent crime. >> we know that's probably 1%, 2% of the population causing this violence. we're focused on them. chief jordan says the police department is already getting help from the chp. he plans to have more police academies and also add 70 officers.
. listen. >> asking barack obama not to be a big-spending, high-taxing liberal is a denial of everything that we've learned about him in his career. it's much better for the house republicans to say, this is what we're prepared to do. there are dozens of places you can dramatically change spending without having to get involved in a general crisis over the u.s. debt. >> does he have a point? do you think this is a message from the former speaker that's worth heeding? >> well, we definitely want to work with president obama, and we're at the beginning of the 113th congress. i would also say that this is our moment, though. the american people know that our economy is struggling right now, partly because of the debt that is impacting american families, hard-working taxpayers all across this country. when president obama was in the senate, when he was a u.s. senator, he voted against raising the debt ceiling. and he said it was a lack of leadership that had brought us to this point. and so i would, at the beginning of this congress, hope that the president would make this a new start, where
Search Results 0 to 20 of about 21